The current cryptocurrency market can be described as a leveraged meat grinder. The deflationary destruction mechanism of $MYX has caused a short squeeze, with short positions being liquidated for $460,000 in just one hour, accounting for 18% of the daily trading volume. If it stabilizes at $0.215, it may see a second surge to $0.25;
$ENA has seen a slowdown in USDe growth and a massive whale sell-off, resulting in the liquidation of long positions at $0.633 in a chain reaction, and dropping below $0.58 may trigger a liquidation of around $6 million. An An has a 74% liquidation rate, making it a hard-hit area, with retail investors' 5x leverage far exceeding that of institutions. We need to be wary of the speculative risks associated with the frequent launch of new contracts like MEMEFI. Although this token had a liquidation of $170,000, it surged 207% against the trend, which is essentially a short squeeze illusion caused by delisting. The project party has transferred out 120 million suspected sell-offs.
On-chain data shows that the short position liquidation of MYX corresponds to a whale accumulating at a cost of $0.116, with a pullback being a buying point. After the liquidation of long positions in ENA, institutions are holding the bottom at $0.35, suitable for low buying at $0.58 and high selling.
In trading, MYX can be chased for long positions once the open interest maintains at 17 million and breaks through $0.215, while ENA can be bottom-fished at $0.58 with an RSI indicating oversold conditions. But the harsher truth is that the short position liquidations on the liquidation heat map signal the main force's bull market, while long position liquidations indicate a downward continuation. The stop-loss line for retail investors is precisely the ATM for the main force. Either become an information predator monitoring whale actions or a disciplined machine executing stop-losses mechanically; otherwise, it is hard to escape the fate of being harvested in this round of leverage games.
The opportunity to bottom-fish has arrived! This time, a successful all-in absolutely means reaping substantial profits. Recently, it's mainly shared internally; if you want to seize this big opportunity, seek directly. Choice is greater than effort!
